-PAT declines by -12.19%

 

By Peter OBIORA investadvocate

July 30, 2010 17:20 GMT

 

NAHCO Aviance Plc (NAHCO) has declared a 25 Kobo interim dividend for shareholders of the company. This was contained in the Second Quarter (Q2) unaudited result of the company released July 30 2010 at the Nigerian Stock Exchange (NSE) in Lagos Nigeria.

 

 

Turnover was N3.078 billion in year 2010 compared to N2.915 billion in the same period of year 2008 indicating an increase in Turnover of 6.0 percent (6.0%).

 

 

While  Profit Before Tax (PBT) declined to from N1.134 billion in Q2 of year 2009 to N995.836 million in year 2010 showing a decline of -12.18 percent (-12.18) in the review period.

 

 

 

Profit After Taxation also decreased from N771.249 million in Q2 of year 2009 to N677.168 million of year 2010  representing a decrease of -12.19 percent (-12.19) in the same period.